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big earnings reports coming in. we're awaiting on hp and aig. the bank that used to be essentially owned by, you, the taxpayers. we'll bring you the numbers as soon as they are released. markets shaken up by the minutes released from the federal reserve yesterday. coming up, we have dick evans, chairman and ceo of cullen frost bankers, member of the advisory banker of the fed, and his bank didn't take a dime of t.a.r.p. money and was able to survive and grow without t.a.r.p. funds. what he says is hurting our economy and what we need to spark more growth. sandra: crocs ceo joining us first on stock business, a pop today, following earnings, find out what the foot ware company is doing to follow up a record setting 20 # 12. david, the shoes still sell like hot cakes. daifd -- david: they came back because of good management. we'll talk about that, but, first, what drove the markets today with the data download. a sea of red on wall street with all three ending lower the second day in a row. s&p in negative territory for the week, on track to snap the longest winning streak in more t
-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! liz: good afternoon, everybody, iemg liz caman, stocks up across the board, trading near the best levels of the day. take a look. the dow jones industrials up 47 points, that s&p level now at 1529, up nine points,. nasdaq better by 16. the dow is now just about 1% away from its all-time closing high of 14164.53 back to october 9th of 2007. just before the launch week of fox business. it's been awhile. we'll see whether the bulls can turn it up a notch and make it interesting going into the close. in the meantime, though, while the blue chips get the attention, since the dow 30 has named people recognized, we want to poi
, former sec chairman harvey pitt telling us whether our concerns our government to bcould be using the agencies as political weapons. liz: the man who has led his fair share of american turnaround, ed whitaker, chairman and ceo of general motors and ran at&t will be here in the studio. talk about gm where he believes it is going to go. david: the first of the earnings report in just now. green mountain reported, what are the numbers? adam: $0.76 earnings per share, street expecting $0.65 on revenue of 1.34 billion. the street expecting 1.33 billion. they say the single cup brewing system is a breakthrough for the brokerage business with significant untapped potential in the u.s. and globally. he didn't report for how many of those units they sold in the last quarter. lizdavid: there are all kinds of indices which may explain why it is down slightly after hours. let's go to today's market action at the picks of the cme. our market panel in just a second. chief investment officer. but let's go to mark sebastian and put up those after our numbers if we can because we had a beat on gre
have been under pressure. what we saw with u.s. airways, it was getting hit hard. warren buffett's company, berkshire hathaway, buying time out right here. they called it at 7250. >> yes, they just think it's a great product. he said he was absolutely going to be in for the long term. liz: it's not a classic equity deal where they shine it up. david: we just saw whole foods getting kicked today about 10%. >> that is not good news. david: as you can see, we have very big movements. do not be fooled when we see the dow jones down, the s&p 500 is up a little bit. less than a 10th of a percentage point, nasdaq, the biggest mover is the rest of 2000. it is the individual stocks, we have seen some big movements by individual stocks and we will be talking about coming up. liz: did you see the coal industry sector? lots of natural resources after the fourth-quarter earnings. all gaining more than 4%, 13 full percentage point. david: when you see that it is settling at the lowest level in six months, that is what gives people a lot of concern. it is just about at the 200 day moving averag
with anybody to get this job done. none of us will get 100% of what we want. nobody should want these cuts to go through. the last thing our families can afford right now is pain imposed unnecessarily five bipartisan recklessness here in washington. the american people have worked too hard, too long to see the official cause yet another one. it seems like every three months there is some crisis. we have more work to do and to just try to dig ourselves out of these self inflicted wounds. while a plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. we learned in the 1990s, when bill clinton was president, nothing shrinks the deficit faster than a growing economy that creates middle-class jobs. that should be our driving focus. making america a magnet for good jobs. equipping people with the skills to fill those jobs. making sure that their hard work leads to a decent living. those are the things that we should be pushing people to work on every single day. that is what the american people expect. that is what i am
that are not great. we're hoping that it's past us, hoping that we're over the worst of it, and we're still getting bad data. that's weighing on the crude oil market. i also think last week, it was an overbought territory, 97.5 level. there's a pull back, but if we're below the 94 level, though, that puts in stops that get executed and see much lower levels. that's what i'm concentrating on now is do we break 94. >> kenny, next week, data points you'll be hanging on to? today, we got consumer sentiment of the initial estimate of it, and it actually is better than expected which is why we see apparel names, vf corp. coming up, jumping today. that's the good news. >> right. listen, there's others better than expected, but industrial production was not; right? news is mixed. the last week, honestly, something happens march 1st. what's it going to be? the focus focuses on the global ma crow issues. they will not make sense to anyone anymore at the moment. they'll look to washington, europe, and -- liz: again? >> absolutely. i don't think we're away from it until it actually happens. liz: okay. you know
use this rally today to lighten up our position. energy is right in there. all the sectors agreed at this point in time. i would be curious about what happened with energy. a lot is being impacted by over the dollar rallies. the dollar over but at this point in time. a pullback energy stocks. but i think overall the trend will be down along with the rest of the stock market, at least in the near term until we get down to those key support levels and bounceback. ashley: very good. thank you so much for joining yes. there's a look at the energy stocks. really appreciated. all right. the bus coming up for this weekend around the oscars. there are officially calling it the oscars. imax should be feeling a nice buzz from its big profits on the big screen. an imax film nominated for best film and seven other boards. and the giant screen movie company reporting a more than 55% jump in gross box office results. the films in its fourth quarter. who else to speak to. ceo joining me now from the center of the universe this weekend. thank you for joining us. congratulations on hell imax has b
you for joining us on "markets now," and wall street is wonders where is the love? lower despite two major deals. what's pressuring stocks? >> a fascinating look at ceo confidence, pwc's u.s. chairman is standing by. right now, he has his annual ceo survey. it might surprise you. >> calling senate's bluff on spending. lou dobbs weighs in. >> news on the stranded carnal cruise ship. the clock cannot turn fast enough. those poor people. >> i agree. up to speed on the markets, back to the floor, annie coal -- and nicole, another sideways day. >> dow down six points, not far off the unchanged line for all three major averages. the nasdaq and s&p squeeze out gains, the dow slightly to the downside. s&p, as we talked about yesterday, right, broader average, and the dow just has 30. it moves the archings more. one thing the traders talked about from the minute i walked in this morning was europe. you see the euro lower, the dollar is strong on a day where we heard that europe is struggling with growth over in germany, in particular, that's the real big one. france and italy would be in ther
risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! ♪ >> we're going to call it turn around tuesday on wall street. stocks making monday's selloff at 129 points a thing of the past. here we are, 14,000 appointments right now. can i dow close above 14,000? floor traders weigh in and handicap it all for us. i'm liz claman, the last hour of trading on "countdown to the closing bell," stocks back in rally mode with the blue chips trading at friday's levels, the best in more than five years. look at the brett, just 30 stock, but nonetheless, it's incredibly strong, every member of the dow 30 in the plus column other than united technologies, maker of otis helic
unless the president wants to come to talk to us about meaningful cuts. the house has passed two bills now. this president is basically says no and does not want to talk to us. he needs to come talk to us. otherwise, it will happen and it will be very tough on a lot of different areas. lori: one silver lining in this national small business association, or economic report inspired our conversation this morning. 73% of small business reporting the ability to garner financing. is that enough to rehabilitate to your satisfaction in this industry? >> what we are seeing is a lot of small businesses are not expanding because of their concerns about the economy. it is very good news. when it comes to access to capital. a majority of those businesses will just wait and see what happens. they do not want to put their necks out on the line and get burned by this economy. lori: a pleasure speaking with you this afternoon, congressman. melissa: some big changes coming to your mailbox. saturday mail delivery will and and in all this. packages will continue to be delivered on saturdays. post offices
both sides use the bigger u.s. ball and south koreans wanted to use their smaller made ball. result, both side said no and the game was canceled. bernie: we have bigger balls is the the bottom line. warner: finally, i-man, bad news for nbc, stuck with televising saturday and sunday's final round of the match play championship. both tiger woods and rory mcelroy lost in yesterday's first round. imus: he well, the nbc television network according to dagen is already in fifth place, is it fifth place? >> fifth place in the february sweeps and key adult demographics behind in fourth place univision. imus: who is in third place? >> it was cbs fox, sbc, univision and nbc. imus: give me one through five. i didn't understand it. >> number one cbs number two fox. number three abc. number four, univision, number five nbc. imus: thank you very much. "varney & company" is next. i accused delbert of ripping off bo didley with this. he said it was a tribute and i should shut up. ♪ here comes the weekend, honey, what's going on ♪ ♪ we can put our feet up, honey, or party all night long ♪
be saying we will look at a crash again. he joins us now on the phone from thailand. it is a pretty big pullback. >> not really. i think there are two thin areas we have to consider. the market will become really over bold. connell: we could see a crash. >> i think what most investors overlook is on march 6 of this year, we will be four years into the bull market. fifteen months ago, we were at 1074 on the s&p. we are up almost 50% in 15 months. we are very extended already. connell: i want to hear your argument for that. there have been a number of people making the case for stocks being cheap on a relative basis. i want to take you back a little while. you are author of "the doom, gloom report." we have actually gone up, not down. obviously, that surprises you a little bit. >> i am familiar with that theme because i have been through it so many times. the opposite is in march 2009, people could not see why stocks would move up and a year ago, and europe when reese and italy, portugal and spain, people could not see why they would go up. connell: it has, obviously, guy. if you look at
of mergers to talk about. nicole: the first is in airline deal. it was highly anticipated that u.s. airways and american airlines would merge. first let's hit heinz. i am going to stick with heinz. warren buffett, berkshire hathaway. obviously at a premium. heinz is up 20%. watch the 3:00 p.m. show, we will certainly delve into it more for you. he loves their products. he loves the emerging markets. he thinks it was a great buy. then, we will talk about u.s. airways and american airlines merger. you can see they are finally coming together. the u.s. airways ceo will remain in the top spot as ceo. u.s. airways is down right now. dagen: thank you, nicole. connell: we are waiting for the speaker of the house, john boehner. we say take a look at this. a little over two weeks until automatic spending cuts will kick in. congress taking a week off leaving you just six working days to get something done. dagen: wait until the last minute has become the norm. how do you think this plays out? >> i think the impact on the economy will be small. the cuts are relatively small. we had $175 billion in tax
tom coburn is with us, and i'll ask him what he thinks of the president choosing to inflict maximum pain. now, can we call this the wal-mart economy? that company struggling because you have less money in your pocket. you're paying more for gas and now, food prices are going up. art laffer has more on the wal-mart economy coming up. this man sounded off and french workers, saying they're lazy and entitled. what does he think about big labor in the u.s.? the outspoken chief of titan international, the top of the ten o'clock hour, now, listen to this, this may be the exact opposite of the entitled generation, one young man, he walked ten miles in the snow so he could apply for a job that pays $7 an hour, a real good story, you will hear it, he's here on "varney & company." art laffer coming up next. we've got another rise in gas prices and we've got the opening bell. how about this, since the program started america is another 25 million dollars in debt. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. le
. >> it slows us down gradually. >> many can say texas don't matter. of course they will in the long run. stuart: here we come. what a perfect moment to throw it to dagen and connell. connell: good morning, everyone. dagen: america is a good bet. here to tell you why. connell: one of our guests in this hour could be the next energy secretary. dagen: more on the power outage and the record-breaking at cbs sports for that incredible game. connell: and cyber attacks, the white house considering action against china. dagen: i had the ravens, did you? by a field goal, 27-24. connell: nobody knows football like dagen mcdowell. clearly. dagen: stocks now has to do every 15 minutes, nicole petallides at the new york stock exchange. nicole: a good bet going. if yo you're betting on the mar, 14,000 mark a little disappointed today, we are pulling back, dow jones industrials down 116 points right now. a majority of the dow components, 28 of the 30 were in the red, only two names, green arrows, there is ro rod-based selling going on, the retail stocks all with down arrows. some of this is coupled with numbe
it used to be? we will discuss if it is still in investmenagood investment fog run. lori: it is back to the floor of the new york stock exchange with our very own nicole petallides. nicole: welcome back to both of you at the 1:00 p.m. the dow and the s&p are both pulling back. the dow moves within 100 points of the all-time closing high. we set new fresh five-year highs, 14,081. there was some news out of japan and obviously favorable monetary policy and that was off by the news from italy and whether or not that would bring the austerity measures back to the forefront, with actually execute and to the austerity measures. the fear index has moved to the upside, the dollars has gained strength and as result the market has been selling off some. we have come up off of our lowest of the day. lori: thank you, nicole. melissa: gas prices are finally pumping their breaks. they jumped $0.43. did you notice that? even after two days of declines, experts warned not to get too excited as price could hover nearly $4 per gallon mark. another price hike could be around the corner and seriously co
that name. it has the pretty ladies. has a great job using its commercials as a tease, driving people to the website to find out how the story ends. a brilliant strategy. coming up, bob parsons, godaddy executive chairman and founder, the guy behind it all us know what is in store for this year. david: can't wait for that. a mercedes ad already creating a quite a buzz. it isn't the one they plan to show during the game, oh, no. the one they will air is even bigger. more stars, and get this. it is promoting their lowest priced car ever. the president and ceo of mercedes-benz usa will be here. of course we will have a sneak peek at the commercial. liz: wait until you hear the price on that mercedes. but first we'll tell you what drove the markets today. today's data download it is a sea of green on wall street. all three major indices ending higher for the 52-week in a row. the dow closing above the 14,000 mark for the first time since october of 2007. this marked 11% gain as david mentioned from the bear market low hit in the march of 2009. all 10 s&p sectors posting gains led by telec
for stocks. seems kind of strange. chad is kind enough to join us today. the stock market makes more sense for a number of reasons then the bond market. for nine weeks in a row, that is where the flows were going to. stocks over bonds. what do you think of this? >> this is an early trend. unfortunately, the trend, we do not think that will last very long. we are at a point in time where the market has had a heck of a run. the s&p is up 7% year to date. i think one has to be a little more cautious and take a balanced approach. connell: make a case for bonds. there is the run-up. why would you want to be in the bond market? >> i cannot make a very bullish case for being in the bond market. there is a reacceleration of global growth. you also have a very, very positive three months of good economic numbers that have come out. the market here is trading at 15 to 14 times multiple. it makes it a fair market value. connell: that brings up the larger question. the dow is approaching an all-time high. we are testing that. you are basically saying there it is, we will not quite get there. we will h
days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! melissa: welcome. i am melissa francis. lori: good afternoon. i am lori rothman. talk about boeing coming up. melissa: a winter storm is barreling towards the northeast. grab your ski gear. president obama -- the senate considers the nomination of john brennan as cia chief. lou dobbs will give us his take. melissa: checking your e-mail after work. should that be considered over time? back to the floor of the new york stock exchange. nicole: what we are seeing right now is the dow jones industrials down about 92 points. at our lowest level we were about 13,852. the truth is a lot of the traders still loo
of identity theft protection risk free. that's right, 60 days risk-free. use promo code: gethelp. if you're not completely satisfied, notify lifelock and you won't pay a cent. order now and also get this shredder to keep your documents out of the wrong hands-- a $29 dollar value, free. get protected now. call the number on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! >> the drum roll, please. toyota introduces a new truck at the big show in chicago. you will hear all about it right here. speaking of cars, autonation is just rolling along firing on all cylinders in the u.s. how long will the good times last? autonation's ceo talking to us exclusively about sales, the american consumer, as well as big plans for 2013. and the new app for the android world. the ceo tells us exclusively how it all translates into dollars and cents. countdown begins right now. >>> good afternoon everybody. i'm liz claman. welcome to cou
sec chairman harvey pitt live and telling us what could have triggered this quick action and what the next step will be. david: oscar ballots, they have to be turned in by tomorrow, so the envelopes are ready for the big event on sunday. we are going to the movies with the best of the best. coming up our hollywood friend, mandalay ceo, peter gruber on the value of an oscar keeping viewers interested in the show. we'll ask him for his picks. the executive producer from escape from planet earth will be here. this is the only kid's firm playing right now. he will take us inside the big money world of entertaining the little ones. liz: but first, stocks did push higher last year and last week. certainly hitting five-year highs during the height of the fourth quarter earnings season as the s&p posted its longest weekly winning streak in more than two years. david: the question is, will wall street's momentum continue or last quarter's results signaling some kind of a slowdown? joining us nbg productions chief equity analyst. good to see you. happy president's day to you. talk about ear
bill would be dead on arrival in congress leaving us with unsecured borders and a broken legal immigration system for years to come. stephen moore joins us now from washington, d.c. do you think that the white house plan really does throw a wrench into reaching any kind of bipartisan agreement? >> i think this was a real setback. this is very delicate negotiations. you need to find a way to let more immigrants into this country. you need to have a way where people who have been here to have a path to legalization. it has to be coupled with tougher border security. everyone knows that. for some reason, the president is basically saying, we will not move forward with the border security, but we will with these other elements. i think that is a killer. i think marco rubio is right. dagen: why leak it in the first place? in washington, there is always a reason that things come out. >> the groups on the left do not want border security. this was sort of an olive branch to the left wings that do not want border security. i think the president was trying to basically reach out and say
-mail. finally tonight, since it can no longer be arrested for marijuana use in 18 states, now the irs is after you, i kid you not. medical marijuana distributors could face an effective federal income tax rate as high as 75%. you have to go to france for that kind of a race. a law preventing drug traffickers from profiting off of their crime. so using medical marijuana is legal but not in the eyes of the federal government is not so those basic deductions for small business owners are used to don't apply to marijuana shops. this is one instance uncle sam's needs to tax away. if they think i it's a good ide, at least taxyers should get some kind of compensation. that is my two cents more. that is it for tonight's "the willis report." thank you for joining us. >> good evening, everybody, i am lori rothman in for "lou dobbs tonight." wwe're four days away from spending cuts known as the sequester from kicking in. president obama predicting armageddon but still not negotiating with congress. still looking to raise taxes and on the campaign trail instead of working toward a negotiated solution. pre
unveiled by two of the most liberal members of the u.s. senate. barbara boxer from california and bernie sanders from vermont want to make polluters to manufacturers, and power plant operators pay for the pollution they generate. joining me now with the top republican on the senate energy committee, senator lisa murkowski. thank you for being with us again. great to see you. the carbon tax, good or bad idea >> this is something that is going absolutely nowhere. if what is proposed is something that is going to increase the cost to the consumers, this is just not going to happen. and when you think about the proposal that has been before the cut across, the captain trade proposal, it does not even take out the democratic lead said. it did not want to touch that. and of the to going to want to touch a carbon tax either. this is something that is just going to increase the cost to the consumer at a time that nobody is looking to increase their energy costs. we should not be looking to increase it. we should be making our energy more affordable. gerri: let me give you some numbers here. the
of the book. it is a dirty name. we love larry. he will join us in just a minute. took it off of there. one more shot. there you go. larry shover will be here in minute. sandra: let's go to nicole petallides at new york stock exchange. we have hewlett-packard, a huge winner in the, leading the dow. >> hewlett-packard really surprised everybody, sandra. ran away with the dow jones industrials. hewlett-packard soared on a great quarter and great outlook which surprised everybody. obviously a testment to the fairly new ceo, meg whitman. david:. also a testament to david donatelli, the executive vice president came out with the new server the size of a small book. even smaller than larry shover's book. getting bad news out of europe on the weight-loss drug. this company is behind the weight-loss drug. >> this particular drug was approved here back in july 2012. second time not approved in europe. concerns about side-effects. now they will have to do more cardiovascular trials to try to get this thing restored. sandra: network automation, this is, sorry, network automation company,
, cisco systems on tech spending. government orders not what they used to be for routers and switches, and european buyers watching euros and cents. john chambers is live on how to fulfill the promise to energize earnings. treasure in the trash. making money on what others throw away, especially on valentine's day. the dough in the hands of shareholder, company upping dividends again. waste management ceo joins us live in a fox business exclusive. "countdown to the closing bell" begins right now. ♪ good afternoon, everybody, i'm liz claman, the last hour of trading, and with the largest food acquisition on record to spike the markets, trading mixed in a narrow range. u.s. airways, we have turbulence there. it is down about 8% and change. this, as the rumor becomes the news. u.s. airways merging with asr, parent of american airlines, the deal that creates the world's largest character. sketchers off to the races, shares are skyrocketing here, a nice move of 12%, the maker of mens and women's footware with whether or not blowout numbers, and we got the shoes, yeah, thanks to strong de
, everybody. i'm liz claman, the last hour of trading, the all important hour here. glad you're with us. the bulls firmly have the upper horns with stocks rallies for the second day in a row. why is this? pending home sale z ricing to a three year high in january. durable good orders and aircraft beat expectations last quarter. stars align for what you see on the screen, a decent rally. dow jones industrials off the high of the session, 172 points. at the high, 177 points. a hundred points away from the all-time high of 14164 back to october of 2007. the s&p up one and a third percent, a gain of 20 points. the nasdaq charges ahead, 45 points, the fourth month in a row for gains so everybody looks like they will see gains for this month, at least as of today. now, what we see here, broad based rally, all 30 dow jones industrials looking higher. many of the names in your portfolio. please, take a look, particularly, we have strength in big banks like jpmorgan, bank of america. jpmorgan with at the top with a gain of 1.68. boeing and caterpillar flexing industrial muscle. hp bringing up th
to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! melissa: i am melissa francis. lori: i am lori rothman. we will learn how hi our deficits could rise. melissa: we will hear from the president in just a couple minutes. we will bring you the remarks live. lori: immigration reform also on the top earner today. we will hear from business leaders on how reform should be done. lou dobbs weighs in. melissa: our very own charlie gasparino goes one-on-one with municipal analyst. that should be very interesting. lori: let's get things started with the latest addition of stocks now. the 20 you see volatility here. the fix is to the downside today on a day where we are gaining triple digits, unlike yesterday where we love triple digits. the majority of the dow components are in the green. we have economic numbers showing expanding numbers in the u.s. service. we will take a look at a longer term chart. back to you. lori: thank you, as always. meliss
for joining us. have a great night. we will see right back here tomorrow. ♪ lou: good evening, everybody. the president to so confidently told congress last month that he would refuse to negotiate on the debt ceiling is now looking for that same congress to bail him out. president obama desperate for help with the trillion dollars sequester that was the bright idea of the white house. the president today made his plea for help in deferring the onset of the sequestered for another few months. it sounds a lot more like an order for more of the same short term, small minded fakes that has become the way washington of late. >> this congress cannot act immediately on a bigger package. if they cannot get a bigger package done by that time the sequester is scheduled fox business to affect then i believe they should at least passed a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of a sequester for fear -- few more months. lou: headed in the right direction icaria statement considering that it contracted the last quarter, and as he is fond of
slowdown, u.s. government shutdown. they are off the table. cheryl: let's forget about the market. let's talk about the super bowl. all of the ads. dennis: hominy cakes did it take for the nerd to get that shot right? melissa: it ruined my appetite which is what i needed at that point. lori: i love guys like that. that is my type. [ laughter ] melissa: i am speechless. i am melissa francis. lori: i am lori rothman. rbc wealth management ceo joins us on whether or not this pullback will last. melissa: is your wallet running on empty? consumers spend more on gasoline as a percentage on their income in nearly a decade. lori: the white house and action against china. let's get you updated on the market as we do every 15 minutes. nicole: you have to blame europe. let's take a look at the major market averages. you'll not see the dow 14,000. 13,887. that is a loss of nearly .9%. the tech heavy nasdaq is down one quarter of a percent. these were high levels that we have seen since october 2007. a lot of the bulls out there were really celebrating. the dollar is particularly strong today. it h
-down. this is the first time we have seen that since january. tough economic news pulls us back. that is where we are. nowhere near the all-time highs at the moment. ashley: thank you so much. shibani: we watched the markets. another developing story, yet another obama administration member warning about the fallout of the spending cuts. the clock keeps ticking down to the march 1 deadline. rich edson has the very latest. rich: good afternoon, shibani. highlighting the dangers of the automatic spending cuts. president obama is trying to get people in congress to try to agree to taxes on wealthier people. the law requires the administration to cut other positions. in a statement, the beef association rights, this place has a legal duty on the usda and administration to carry out this service. a duty in which we have recognized as essential in the past. while we understand the hardships placed on the agencies through sequestration, we are severely disappointed secretary millsap has chosen to take his path of threatening to halt and speculations. if not you have to give notice. you can only implement th
are completely different. u.s. insurance companies hold about 5 trillion dollars in assets today. in the fed's proposed rule on capital standards, the rule is by bank regulators which makes sense for banks but they also apply to insurance companies. and insurance and banking are very different as i know you agree. strong capital standards, they are important. but they must be appropriate for a business model they apply to. will the fed perform a study specific to insurance before you finalize rules like you do for banks? >> we are discussing the feasibility of such a study. we recognize that there are important differences between banks and insurance companies. at the same time, of course, we have statutory constraints, the collins amendment, for example, that say a certain amount of capital is necessary, but we've also heard from congress about this insurance banking distinction, and we're looking at it very seriously. we have been consulting i should say with the state insurance regulators work the federal insurance office, with the industry, with a lot of other stake holders to make sure
of the biggest labels in fashion. that's it for tonight's willis report. thanks for joining us. have a great night. we'll see you right back here tomorrow. ♪ lou: good evening, everybody, former senator chuck hagel's path to confirmation has just got a lot more complicated and a lot more difficult. for the first time in history, a nominee to be secretary of defense is forced to clear a 60-vote threshold in the senate to win con confirmation, and ths only the third time in history that any presidential candidate nominee to any post has been forced to win a cloture vote. >> it's the first time in the history of our country that a presidential nominee or secretary of defense has been filibusterde. what a shame. that's the way it is. i ask the concept that under rule 22, the corum be waved, and i asked the cloture vote and ask to honor the rule that the vote occurs friday. lou: hagel, until today, seemed assured of nomination having the support of the entire democratic senate caucus and two republican senators, and then he lost a critical vote this afternoon. republican senator, susan collins
judge all policies. >> we are not close to that, the media used to be tough. lou: our colleagues at fox have done a great job reporting on benghazi. >> i would accept ed henry. lou: thank you very much and thank you for joining us. be with us tomorrow. good night, from new york. >> go to south dakota and oregon and washington and michigan and then we go to michiga washingto, to take over the white house. neil: thank god for howard dean. the screamer is now a saint. saying something i call most of the voice i tell you is deafening. during a discussion of the whole budget mess, all i could say is prepare for your jaw to drop because i want you to remember the guy saying it. roll it. >> somebody had held a middle-class you do your taxes will go up or the programs will get cut or we will go into financial oblivion and nobody wants to tell them that. neil: he has gone from throwing grenades to heavy doses of something called reality. says we have a choice, everyone's taxes go up for a lot of programs get cut, either or. the rich can't pay for it all. it is all simple math of the middle-class
on your screen or go to lifelock.com to try lifelock protection risk free for a full 60 days. use promo code: gethelp. plus get this document shredder free-- but only if you act right now. call the number on your screen now! tracy: good afternoon. i am tracy byrnes. ashley: and i am ashley webster. but dow 140 points away from an all-time high. tracy: china fighting back. ashley: check the calendar. spring has not sprung, but gasoline prices are already in high gear. tom kloza on what is to blame. tracy: lou dobbs take on the new simpson bowles reduction plan. is there any chance that washington will stop squabbling and actually do something? lou dobbs will join us in a few minutes. it is top of the hour. time for stocks now as we do every 15 minutes. lauren, we are starting the week on an up note. >> this u.s. stock market rally really started in europe. the u.s. market has of arrows across the board. a really tight range for stocks. volume clearly to the upside by about two-one your advance to the client line. really pushing closer to those all-time highs. 14,198. we are not far from
about that, trouble there is not a problem here. really? and within the hour ben bernanke tells us what he's going to do. how on earth can he stop printing money when the president talked disaster for america and berlusconi brings disaster to the euro. yeah. "varney & company" is about to begin. >> good morning, everyone, we're watching the three b's that are important for your money today. first of all, silvio berlusconi previously accused of sex with an underaged girl is back, don't worry, berlusconi says italians should ignore those crazy markets. we cannot ignore our markets. the dow dropped 200 points yesterday when the news of the berlusconi power play came out and just more evidence that what happens over in europe affects our money here, no matter how farfetched it might seem. as the chaos was breaking in europe. vice-president joe biden said don't worry, what happens there is not a worry here. listen to this. >> we're no longer worried, i think, about our economy being overwhelmed either by europe or at large the eu or china somehow swallowing up every bit of innovation that e
you. >> that is it for us, thank you for joining us, coming up tomorrow, ubs chief economist will join us about what is happening to the market, and former new york state homeland security czar, michael bal bony on drones and others, thank you for being with us, good night from new york. neil: linked in, face the music and pay up, anything but nothing, you are big money. you can can afford to fork over some cash. i'm neil cavuto, true, likes of linkedin and facebook not paying a penny in taxes to the federal government. to me is makes no senate all. exxonmobil still evil if it paid more than $31 billion in taxes and chevron still represen thoss paying highest rate, they don't rate any media attention -- that good. mark zuckerberg paying no rate buzz not rate any media attention, what his company does is good, and cool. even though really, does not end up with washington seeing cool cash. lingeredin pays zero percent and walmart pays federal income tax north of 32%. caterpillar 30.7% or mcdonald's 31.3%. food for thought. this is media double standard makes up to the puke, and ignoring
. >> i hope no one uses the term illegal immigrants here today. our citizens are not -- the people in this country are not illegal, they are of a status. lou: congressman john conyers. the united states is an unusual country. this venture brings in more immigrants, legal and illegal then any other country, but also performs more abortions than any other country. and an important knew book lays out how are historically low birthrates in this country are a foundation for disaster. author, columnist, conservative commentator joining me to discuss his important knew book, what to expect when no one is expecting. we begin tonight with the president to wishes he had never heard the word sequester. but the economy contracting in the latest reading of gdp and the rap -- rapidly approaching onset of dramatic budget spending cuts that would further slow our economy, the president is asking congress to bail him out of a fiscal crisis of his own making, trying to defer sequester, which was his administration's idea. president obama showing no sign of regret or even irony nor any sign that his
kerry, his wife is part of the heinz family. all right, it's official now, u.s. airways, american airlines are going to merge, a 11 billion dollar all stock deal creating the world's largest airline and shareholders own 72% of the company and u.s. air 28%, watch out flyers, every previous merger after that, ticket prices went up. will that be repeated this time around? we'll see and by the way, bob crandall, former american airlines chairman he's on fox business 11 a.m. this morning. and i've got another big name that you know. slower sales, rising costs hurting the e-reader, it will lose on the nook in the year 2013. all right, everybody, look at this picture. a near handful of hollywood and political elitists protest the keystone pipeline, look, daryl hannah, a kennedy, a couple of dozen all they got. and they were arrested, a tiny number of people, but still making big headlines in the mainstream media. they command attention, why is that? you're going to meet one of those people, he's out of jail. 10 a.m. eastern and we have for you the opening bell next. twins. i didn't see t
set us up. stuart: that is the point. it is a set up in terms of future policy. a football injury, well, we told you about this months ago. you are setting up and event which is your side of the political fence. charles: it ultimately will happen. we have had storms for a long time in this world. >> they do not want information buried in the debate. that is what is really ruining it. dagen and connell, it is yours. dagen: im dagen mcdowell speak. i am connell mcshane. today, we have the numbers. dagen: attorney eric holder will be coming up next. connell: immigration reform. topic number one at the white house this morning. we have lou dobbs here to talk to us about it. dagen: the billions of dollars in time and fuel being wasted because we are stuck in traffic. connell: at the top of the hour, let's go to nicole petallides. a big day for dell. nicole: a big day indeed. right now, you can see it up at 1339. that is because of the deal michael dell is going to be moving forward. obviously, we have been talking about this. microsoft putting up $2 billion in this deal. silverlake als
democratic congressman. both of them calling for an end to federal pot prohibition. will it work? joining us now, drug policy visor and founder and executive director of the drug policy alliance. starting with you. melissa: it is a lot like the appeal of alcohol probation. if it doesn't work, it is not effective and they say it is costing tens of billions of dollars every year, diverting precious law-enforcement resources, funding organized crime, so a lot better to have a smart, cynical regular tory policy with the state governments controlling it in the fed provide a motive of control. gerri: is this prohibition all over again? >> if only it was so easy. they have zero chance because essentially we are seeing them take up the barney frank mantel, those were the two previous representatives that did this, and it is the extreme right in d the extreme left coming together. we see the extremes a lot of issues oftentimes, the mainstream on this issue is marijuana can be harmful drug especially to young people. the last thing we wants to do is legalize it and normalize it. for every dollar we ge
, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. dennis: we are up 150 points on the dow and the only bad news is we were down 200 points yesterday. tracy: i think it lee will be talked about, sequester will be talked about and this market will play sideways until then. maybe you think i am crazy. lori: that is beside the point. [talking over each other] lori: who are you? john kerry? he had a big gap in a new country. anyway. good afternoon once again. i am lori rothman. melissa: i am melissa frances. senator's attack ben bernanke and the fed's bond buying program. the fed chairman says the benefits of the easy money policy out raise the rest. president obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign
between american airlines and u.s. airways. melissa: the hottest thing on the nasdaq stock exchange may be the nasdaq itself. charlie gasparino is here as they talk to go private. lori: without any further ado, let's get you updated on the markets. we are joined by lauren simonetti. >> i want to particularly take a look at goldman sachs right now. hitting a new annual high. the investment bank says that equity markets kind of went too fast. they will slow down a little bit on their global theme. however, maintain will be tough. it is just too hard to maintain. we have the strongest start since the 1990s. melissa: oil prices rising for the first time in days. fox business contributor phil flynn is our man in the pits of the cme. >> what a reversal. oil prices were below $95 a barrel. everyone thought that they would start coming back down. a lot of focus, of course, a lot of talk about these currency wars. they have a major impact on the price of crude oil. we do not think that the euro is too strong and anyone who wants to tell us otherwise, you will have a problem. we rallied in a few
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